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GMDC shares fell after a three-day surge as traders booked profits, following strong gains driven by a government incentive to boost rare earth magnet production. The stock faced short-term technical resistance, though long-term trends remain positive. Profit taking set in after optimism around GMDCs role in Indias strategic minerals push.
Category:
News and Media
Category:
News and Media
Patel Engineering shares fell nearly 5% to Rs 35.58 on Friday after a sharp two-day rally. The stock had surged nearly 20% earlier in the week following the award of coal excavation and transportation contracts worth Rs 798.19 crore for the Jhiria West OCP in Chhattisgarh by SECL, with a nine-year execution period.
Category:
News and Media
The UAE has unofficially stopped issuing regular visas to Pakistani nationals, citing concerns over criminal activities by visitors. This move, confirmed by an Islamabad official, follows repeated incidents of unlawful behavior by Pakistani travelers. The restrictions impact Pakistan's overseas labor plans and add worry for families reliant on Gulf earnings.
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News and Media
Thyrocare Technologies shares slumped 66.7% to 492 on Friday as they began trading ex-bonus for the recently announced 2:1 bonus issue. The sharp drop is a normal adjustment due to the bonus issue and doesnt indicate any deterioration in fundamentals.
Category:
News and Media